Gemini Explorations, Inc. Receives $50,000 Tranche – Announces Potential Purchase of Additional Concessions at La Tapataadmin
Gemini Explorations, Inc. announced that it is in the process of completing the acquisition of two additional mining concessions, which are located geographically adjacent to its existing La Tapata Gold Mine. The purchase of these concessions was funded with a tranche of $50,000 originating from a previously announced financing.
These adjacent concessions are complimentary to Gemini’s efforts at La Tapata, as they will allow the company to fully exploit (economically mine) the extensions of those mineralized vein structures, which have already been extensively sampled and studied on the La Tapata property itself.
“Our studies of the geology and mineralogy of the vein structures at La Tapata and of the history of artisan mining in the area were indicative of the fact that those structures extended beyond the bounds of our original concession,” stated Gemini CEO Michael Hill. “We have since been working diligently to turn that knowledge to Gemini’s benefit. We are very pleased that our recent financing has given us the capability of executing these acquisitions, at a price we consider to be extremely favorable to Gemini. We will be releasing more details about the purchase and the properties themselves in the very near future.”
Gemini Exploration is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich yet highly underdeveloped gold deposits of Colombia.